Abstract We solve two “unsolvable” ( teyku ) problems from the Talmud that had remained unsolved for about one and a half thousand years despite massive and nearly continuous commentary and analysis throughout the centuries. The Talmudic problems concern the implied decision-making of...

Abstract Management by Objectives (MbO) wird definiert als Synthese von Zielsetzung, Partizipation bei Zielvereinbarungen und Feedback über die Zielerreichung. Dieser Beitrag untersucht, wie sich die Ausgestaltung von MbO innerhalb von Leistungsvergütungssystemen auf die Motivation von...

Abstract Untersuchungen zur Wirtschaftlichkeit der betrieblichen Prävention erfahren zunehmendes Interesse. Einerseits soll Unternehmen gezeigt werden, dass sich Betriebliches Gesundheitsmanagement rechnet. Andererseits sollen die durch Prävention vermeidbaren Kosten abgeschätzt und ggf. die...

Abstract In Instrumental Variables (IV) estimation, the effect of an instrument on an endogenous variable may vary across the sample. In this case, IV produces a local average treatment effect (LATE), and if monotonicity does not hold, then no effect of interest is identified. In this paper, I...

Despite having been underlined as contrary to established fact, the myth that there is a causal link between Protestantism and the emergence of capitalism persists in the popuar imagination as well as the academy. This article illustrates where Max Weber’s theory contradicts all the available...

This lecture on entry is a transcript of a second-year MBA class at the Stephen M. Ross School of Business, University of Michigan. At various points, student comments and comments by Francine Lafontaine, the co-teacher of this course, appear. Accompanying this lecture are the PowerPoint slides...

This teaching module shows how U.S. antitrust laws are affected by ‘intentional' and ‘evolutionary' visions of socio-economic market processes. The extent of government's role is studied to review whether the U.S. antitrust laws should be strengthened, reformed or repealed. The focus of...